Chick-Fil-A
New Construction | Retail | 4.50% Cap Rate | 5,218 Sq Ft
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a new construction Chick-fil-A located at 775 Hebron Road in Heath, Ohio (the “Property”). The new construction free-standing single tenant Chick-fil-A consists of a 5,218 square foot building with a dual-lane drive thru. Chick-fil-A has a new 15-year Absolute NNN Ground Lease with twelve (12), 5-year renewal options. The lease calls for attractive 7.5% rent increases every five years throughout the base term and renewal options. The Property is currently under construction and has an anticipated rent commencement date of September 1, 2026.
The new construction Chick-fil-A occupies a highly visible position along Hebron Road (OH Route 79), one of the region’s most heavily traveled retail and commuter thoroughfares. Positioned within the heart of Heath’s premier commercial district, the Property benefits from outstanding exposure, ample frontage, and easy ingress and egress. The surrounding trade area is anchored by Indian Mound Mall and features a strong concentration of national retailers, including Target, Walmart Supercenter, leading grocery operators, and numerous dining and service establishments that generate significant daily traffic. The Property is further supported by a large residential population, nearby schools, and Licking Memorial Hospital, providing a consistent stream of local consumers. Additionally, convenient access to OH Route 16, US Route 40, and Interstate 70 connect the site to Newark, Columbus, and the broader Central Ohio region, enhancing its accessibility and regional draw.
Investment highlights
NEW CONSTRUCTION GROUND LEASE: This is a new construction dual-lane drive-thru Chick-fil-A. Chick-fil-A has a new 15-year Absolute NNN Ground Lease with twelve (12), five-year renewal options. The Property is currently under construction and has an anticipated rent commencement date of September 1, 2026.
ATTRACTIVE RENT INCREASES: The lease calls for 7.5% rental increases every five years throughout the current term and renewal options, providing the investor with an attractive increase in revenue and a hedge against inflation.
BEST-IN-CLASS TENANT: Chick-fil-A generates more revenue per restaurant than any other fast-food chain in the country. Chick-fil-A continues to expand and now has approximately 3,300 locations. Total system-wide sales have grown to $23.9 billion in 2025, a 5.2% increase over 2024 sales. This was the company’s 56th consecutive year of sales growth. Chick-fil-A has an average annual sales volume of $9.16 million (per location).
GROUND LEASE: The Chick-fil-A lease is a ground lease (Absolute NNN) with the tenant responsible for all operating expenses, repairs, maintenance, and replacements to the entire property (building and grounds).
PRIME RETAIL LOCATION: The new construction Chick-fil-A is prominently located along Hebron Road (OH Route 79), the area’s primary commercial and commuter corridor. Chick-fil-A offers excellent visibility, strong frontage, and convenient access in the center of a dominant commercial corridor. The Property is surrounded by grocers, national retailers, and restaurants, all of which drive traffic to the area. Located within a densely populated suburban area, the site is convenient to residential neighborhoods, area schools, and Licking Memorial Hospital, all of which provide a captive and built-in customer base.
STRONG DEMOGRAPHICS: Over 39,200 people live within 3-miles of the Property with an average household income of $94,906. More than 71,700 people live within 5 miles of the Property with an average household income of over $100,417.
EXCEPTIONAL TRAFFIC COUNTS: Over 31,700 vehicles per day pass by the Property along Hebron Road (OH Route 79). Interstate 270, less than a mile from the Property, sees over 170,000 vehicles per day.
TRADE AREA: Additional retailers and businesses bringing consumers to the immediate trade area include Indian Mound Mall, Heath City Water Park, Target, Walmart Supercenter, Lowe’s, Kroger, Aldi, Giant Eagle, Rural King, Harbor Freight, Best buy, Staples, Advance Auto Parts, Firestone, Dollar General, Longhorn, Applebee’s, Red Lobster, Buffalo Wild Wings, Olive Garden, Raising Cane’s, Panera, Starbucks, McDonald’s, Burger King, Taco Bell, Sonic, Five Guys, Bojangles, KFC, Culver’s, Arby’s, White Castle, Bob Evans, Jimmy John’s, Crumbl, Domino’s, 7-Brew, Dunkin’, Tim Horton’s and Sheetz.
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